Market Size of Cloud Automation Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 21.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Cloud Automation Market Analysis
Cloud Automation Market revenue is expected to grow at a CAGR of 21.0% over the next five years. The growing need for low-cost data backup, storage, and security across all companies, along with the requirement to manage data generated by augmented mobile technologies usage, favours the cloud automation adoption rate.
- Key players in the cloud automation market are focusing on expanding their businesses and strengthening their market positions through collaborations and partnerships. For Instance, Amazon Web Services (AWS) cloud vendor plans to invest USD 5 billion over the next 15 years in Jakarta, Indonesia. The new site is pipped to support Indonesia's growing startup ecosystem and government and private organizations.
- The extensive digital payments use and the introduction of advanced technologies, such as AI, Cloud computing, and blockchain technology used in the end-user industries, will likely drive the cloud automation market growth over the next five years. For Instance, IBM collaborated with Payout, a fintech company that provides businesses, including the financial sector, with a secure payment and open banking platform. It upgraded its whole technological infrastructure by migrating to the IBM Cloud. The transition will help Payout further its digitalization goal and improve the security and scalability of its digital payments service.
- Cloud automation services demand is growing due to increasing infrastructure developments and data center construction projects. For Instance, Amazon plans to invest USD 4.4 billion to develop digital infrastructure/cloud services available in Hyderabad, India, by the end of 2030.
- For Instance, Amazon Web Services plans to open offices in Costa Rica to provide cloud computing services. Such initiatives from the key players in the market would bring new growth opportunities for the Cloud Automation market.
- During and Post-COVID-19 situation, the hybrid cloud-based services demand was growing. For Instance, IBM announced the beginning of the operations of its first IBM Cloud Multizone Region (MZR) in Latin America. It significantly expands IBM's global presence in the cloud market.
Cloud Automation Industry Segmentation
Cloud automation is the use of technology that performs tasks with reduced human assistance to unite cloud management processes.
Cloud Automation Market is segmented by type (public cloud, private cloud, hybrid cloud), by end-user (BFSI, Healthcare, IT & Telecom, manufacturing, retail, and others), by geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa). The market sizes and forecasts are in value (USD million) for all the above segments.
Cloud Automation Market Size Summary
The Cloud Automation market is poised for significant growth, driven by the increasing demand for cost-effective data management solutions and the rising adoption of advanced technologies such as AI, cloud computing, and blockchain. Key industry players are actively expanding their market presence through strategic collaborations and investments, such as Amazon Web Services' substantial investment in Indonesia to support the local startup ecosystem. The market is also witnessing a surge in demand for hybrid cloud services, which are becoming increasingly popular due to their ability to facilitate digital transformation. This trend is further supported by government organizations shifting towards hyperscale cloud solutions, which offer benefits like data center modernization and enhanced security.
North America is expected to maintain a substantial share of the Cloud Automation market, with regional companies embracing hybrid IT solutions to enhance business operations and customer service. The region's growth is fueled by digital transformation and cybersecurity trends, alongside significant cloud deployments by IT companies. The market is characterized by its fragmented nature, with ongoing partnerships and technological advancements driving competition among key players such as Cisco Systems, Amazon, Citrix Systems, IBM, and Hewlett Packard Enterprise. These companies are continuously innovating and expanding their offerings to meet the evolving needs of businesses and consumers in a cloud-centric world.
Cloud Automation Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Impact of COVID-19 on the Market
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Cloud Automation Market Size FAQs
What is the current Cloud Automation Market size?
The Cloud Automation Market is projected to register a CAGR of 21% during the forecast period (2024-2029)
Who are the key players in Cloud Automation Market?
Cisco Systems Inc, Amazon, Citrix Systems Inc., IBM Corporation and Hewlett Packard Enterprise Company are the major companies operating in the Cloud Automation Market.
